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Canadian Statesman (Bowmanville, ON), 24 Oct 1929, p. 9

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

THE CANADLAN STATESMAN, BOWMANVILLE, THURSDAY, OCTOBER 24th, 1929 wHiY EVERVONE a The Government of which he is a Supporter has given the People the most Efficient Business Administration the Province has ever enjoyed. While in some quartera it is said that the Ferguson Government THE REVENUE PRODUCING INVEST- are spending more money than their predecessors, this condition MENTS 0F THE PROVINCE ARE is only natural because the province is growing and expanding In Hydro, $152,000,000, repaying annually $7,800,O0 every day more rapidly thon it ever has done in the past. While Railway-Temiskaming and INortjiern Ontario Railway-Ad- the province is increasing its expenditure it is flot increasing by f vances by Province $30,000,000. Revenue therefrom $1,300,000 one dollar the taxation on the average citizen. annually. Farm Loans, housing and settiers' loans $37,000,000, Although the total outstanding borrowings amount to $393,000- paying $1,210,000 annually. 000, which technically may be called the Provincial debt, when i Highways-$112,000,000 from which the revenue is $12,000- this is analyzed we readily see that only a âmaîl portion can be re- 000 annually. In, Niagara Fala Park, $2,000,000 have been in- garded as a debt which the Province will eventually have to pa vested and bat year the revenue was $75,000 exclusive of water from its general revenue and resources. rentais. In order to meet the annual requirements to carry on this great The sum of $333,000,000 is invested in public undertakings, Province, the Government spent in 1928 (last fiscal year complet- which repay to the treasury annually $22,385,000. The balance ed) a ittle over 58,000,000.9 of $60,000,000 is the real debt of Ontario to-day, because it is 0f this $58,000,000 obtained to meet the requirements of the invetedin on-podutiv asets nd illevetualy hve o ~Province, only $1,750,000 cornes from the pockets of the average paid from ordinary revenue of the Province. citizen. The Municipalities contribute $1,000,000 to mother's This debt is made up of $39,000,000 which is invested in our allowances and the balance is made up of $150,000 contributed public buildings and plants and $21,000,000 which had to be pro- towards the maintenance of insane hospital patients and the 20 vided to take care of the accumulated deficits of former govern.. per cent. contributed by municipalities to provincial higbways ments. which totals$600. At the end of this year, the Ferguson Government will have a paid in three years almost $10,000,000 of our Provincial debt. VOTE Is a Vote for Ecomany Better Rural Roads VOTE FOR ELLIOTT AND DURHAM FO R Cheaper Motor License. Forest Conservation Provincial Debt Reduction. VOTE FOR ELLIOTT AND A GREATER ONTARIO I ELITT Improved Educational Facilities More Assistance to Agriculture 1~ Is a Vote for Old Age Pensions y PAGE Nn« mý SHOULD iým- IN THIS ELECTION lm A 4ý lm vÈT"BW c

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